Cabrera Lighting Company has summarized the data as of December 31, 2022 Compute the Schedule of the Cost of Goods Manufactured, assuming that the overhead is allocated based on direct labor hours. Round to the nearest whole dollar. Prepare the following journal entry (round to the nearest whole dollar): Raw materials purchased on account $375,000. Prepare the following journal entry (round to the nearest whole dollar): Raw Materials in the inventory were requisitioned; the total dollar amount was $295,000. Eighty-elght percent ( 88% ) of the total was for direct material and twelve percent (12%) was for indirect material